A Quality Manager Has Established a Sampling Plan That Calls

question 72

Multiple Choice

A quality manager has established a sampling plan that calls for a sample size of 75 units from a shipment of 5,000 pieces and an acceptance number of 2. The supplier has agreed to a contract that calls for an AQL of 0.02 and an LTPD of .04. What is the AOQ if the actual percentage of defectives in the lot is 2%? Table G.1 is appended to this exam.

• A) less than 0.014
• B) between 0.014 and 0.018
• C) between 0.018 and 0.022
• D) greater than 0.022

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Definitions:

Journal Entries

The record of financial transactions in an accounting system, used to transfer information to the ledger, showing detailed information regarding date, accounts affected, and amounts.

Posted Correctly

The action of accurately recording transactions in the appropriate accounts in an accounting system.

Ledger

A book or digital record in which a company maintains its accounts, tracking all financial transactions systematically.

Financial Statements

Financial statements are formal records of the financial activities and position of a business, person, or entity, providing key information on its financial health.